South African Airways to Enter Into Bankruptcy Protection
- Last-ditch measure is aimed at preventing carrier’s closure
- SAA last made a profit in 2011, is reliant on state bailouts
The logo of South African Airways sits on the tailfins of aircraft in Johannesburg, South Africa.
Photographer: Waldo Swiegers/Bloomberg
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South Africa’s government will place the national airline under a local form of bankruptcy protection as a last-ditch measure to try and prevent its total collapse.